The value of Bitcoin plummets to its lowest in two months.

Recently, the cryptocurrency market experienced significant turbulence as Bitcoin dipped below $56,000, leading to a 7.04% decline with a current price of $55,299. This contributed to a 7.99% reduction in the overall market capitalization, now at approximately $2.08 trillion. Ethereum also saw a sharp decline of 9.90%, trading at $2,874. Other major cryptocurrencies like Solana and Binance Coin recorded losses of 6.45% and 11.79%, respectively.

Bitcoin may head towards $50,000 as the crypto falls to a four-month low Posted into Top Stories in Business @top-stories-in-business-thenewsdesk

Coinbase Shares Tumble With Bitcoin: What’s Going On? – Coinbase Glb (NASDAQ:COIN) Coinbase Global, Inc. COIN shares are trading lower Friday as the prices of Bitcoin BTC/USD and other cryptocurrencies fall. The Details: The price of Bitcoin has fallen nearly 12% over the past five days as investors digest the movement of a large amount of Bitcoin by defunct cryptocurrency exchange Mt. Gox from a cold wallet to a new wallet, possibly in preparation for payouts to its…

Bitcoin Is Falling—How Low Will It Go? Posted into Blockchain, Cryptocurrency, & You @blockchain-cryptocurrency-you-MattMagnuson